Flux Power Holdings Inc
NASDAQ:FLUX
Flux Power Holdings Inc
Flux Power Holdings, Inc. engages in the design, development, and sale of rechargeable lithium-ion energy storage systems for industrial applications. The company is headquartered in Vista, California and currently employs 121 full-time employees. The firm's lithium-ion battery packs battery packs include its battery management system (BMS) and telemetry, which provide its customers an alternative as compared to lead acid and propane-based solutions. The firm operates through its subsidiary Flux Power, Inc.
Flux Power Holdings, Inc. engages in the design, development, and sale of rechargeable lithium-ion energy storage systems for industrial applications. The company is headquartered in Vista, California and currently employs 121 full-time employees. The firm's lithium-ion battery packs battery packs include its battery management system (BMS) and telemetry, which provide its customers an alternative as compared to lead acid and propane-based solutions. The firm operates through its subsidiary Flux Power, Inc.
Revenue Drop: Flux Power's Q1 2026 revenue fell to $13.2 million from $16.1 million last year, mainly due to a pause in customer orders related to tariff uncertainty and macroeconomic caution.
Margins Impacted: Gross margin decreased to 28.6% from 32.4% a year ago, as a result of lower sales and a shift towards lower-margin products.
Order Recovery: Management noted a rebound in orders early in Q2, highlighted by $2.4 million in new material handling orders and a significant new airline customer, doubling their airline customer base.
Cost Reductions: The company reduced headcount costs by 20% since the CEO's arrival, lowering operating expenses from $6.4 million to $5.9 million year-over-year.
Capital Raises: Flux Power completed two capital raises totaling $13.8 million after the quarter ended to support working capital and product development.
Positive Outlook: Management expects order activity to strengthen in the second half of the fiscal year, especially in the ground support equipment and airline segments.
